New dawn for farming at Aventis
THE German chemicals giant Hoechst and Frances Rhone-Poulenc put their merger proposals for approval before shareholders this week.
The lions share of the merged business, called Aventis, will be pharmaceuticals, which will account for 73% of group sales.
Aventis Agriculture will comprise virtually all the rest, combining interests in agrochemicals as well as animal health and nutrition.
HR Vet, an animal health company, is to be sold.
- Financial Times 13/07/99 page 32